The Global 3D CAD Software Market size is expected to reach $11.8 billion by 2023, rising at a market growth of 6% CAGR during the forecast period. CAD software is used in concept designing, creating product designs, carrying out simulations and analysis, and in performing engineering calculations. Simply put, CAD software helps in experimentation, exploration, and iteration which are used in making most of design's potential. With the use of the software, better products are produced and more efficiently, also at less cost. Growing opportunities for investments in 3D printing and technology penetration into the manufacturing and automotive sectors have contributed to the growth of the market. Growing adoption of cloud-based solutions has further added the market attraction, and cloud has been a major reason driving the market expansion, globally. The deployment of cloud-based solutions has significantly reduced the overall implementation and ownership cost, which otherwise was relatively higher.
The market research report covers the analysis of key stake holders of the Global 3D CAD Software Market. Key companies profiled in the report include Autodesk, Inc., Bentley Systems, Incorporated, Bricsys NV, CAXA Technology Co., Ltd., Dassault Syst?mes, Nemetschek (Graphisoft SE), Oracle Corporation, Siemens AG ( Siemens PLM Software, Inc.), Schott Systeme GmbH, and PTC, Inc.